How will they staff these new A/C?
Friday June 14, 9:32 am Eastern Time
Airborne CFO: Reiterates 2nd Quarter Daily Ground Shipment Outlook
By: Desiree J. Hanford, Of DOW JONES NEWSWIRES
ST. LOUIS -(Dow Jones)- Airborne Inc. still expects to average more than 130,000 ground delivery service shipments in the second quarter, and the company still anticipates 10% to 15% sequential quarterly growth in those shipments, Chief Financial Officer Lanny Michael said.
The estimates were originally provided when the company reported first quarter earnings.
Speaking at the Merrill Lynch Global Transportation Conference in New York , which was webcast, Michael said the Seattle shipping company has a target of up to $175 million in capital expenditures this year. That's more than the $126 million in capital expenditures last year, an increase that Michael attributed to Airborne taking delivery of three aircraft this year compared with one last year.
In addition, Airborne is increasing its investment in wireless technology this year into next year for its pickup and delivery drivers, Michael said. The shipping company is going to a Web-based wireless technology involving a hand- held scanner for drivers that's being rolled out right now, he said.
Airborne has been taking steps to reduce its expenses and monitor them without affecting service to customers, Michael said.
Airborne expects to take delivery of ten 767s between this year and 2004, Michael said. That includes three aircraft this year, four next year and three in 2004, he said. Airborne made those commitments "some time ago" and there might be some ability to defer those deliveries if Airborne doesn't need the capacity, he said. But the company expects to take delivery of the aircraft on time, Michael said.
Friday June 14, 9:32 am Eastern Time
Airborne CFO: Reiterates 2nd Quarter Daily Ground Shipment Outlook
By: Desiree J. Hanford, Of DOW JONES NEWSWIRES
ST. LOUIS -(Dow Jones)- Airborne Inc. still expects to average more than 130,000 ground delivery service shipments in the second quarter, and the company still anticipates 10% to 15% sequential quarterly growth in those shipments, Chief Financial Officer Lanny Michael said.
The estimates were originally provided when the company reported first quarter earnings.
Speaking at the Merrill Lynch Global Transportation Conference in New York , which was webcast, Michael said the Seattle shipping company has a target of up to $175 million in capital expenditures this year. That's more than the $126 million in capital expenditures last year, an increase that Michael attributed to Airborne taking delivery of three aircraft this year compared with one last year.
In addition, Airborne is increasing its investment in wireless technology this year into next year for its pickup and delivery drivers, Michael said. The shipping company is going to a Web-based wireless technology involving a hand- held scanner for drivers that's being rolled out right now, he said.
Airborne has been taking steps to reduce its expenses and monitor them without affecting service to customers, Michael said.
Airborne expects to take delivery of ten 767s between this year and 2004, Michael said. That includes three aircraft this year, four next year and three in 2004, he said. Airborne made those commitments "some time ago" and there might be some ability to defer those deliveries if Airborne doesn't need the capacity, he said. But the company expects to take delivery of the aircraft on time, Michael said.
